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News
21.07.2009
MPH Ventures Drills 6.5 g/t Au over 8.0 metres on Raney Gold Project, NE Ontario
MPH Ventures Drills 6.5 g/t Au over 8.0 metres on Raney Gold Project, NE Ontario
Vancouver, BC – MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) reports assay results for three holes on it’s 100% owned approx. 3500 acres Raney Gold Project located southwest of Timmins in northeastern Ontario. A total of ten diamond drill holes have been completed on the project, five holes by past project operators and five holes by MPH (Table 1). Diamond drilling, and now surface trenching, have traced the gold bearing structure along 200 metres+ of strike extent, with drilling intersecting the higher gold grades at the 100 metre vertical level.
Drill hole location map:
http://www.mphventurescorp.com/i/maps/MPS-Ran_ddhPlan.jpg
Hole R-09-08 intersected 6.52 g/t Au over 8.0 metres which included a 3.5 metre wide grey quartz vein containing four occurrences of visible gold. A second mineralized zone located 6 metres down hole, assayed 1.01 g/t Au over 5.0 metres. The gold mineralization is located at the 100 metre vertical level and correlates to the position of the gold mineralization in R-08-04, 7.7 g/t Au over 6.8 metres within a broader zone of 3.9 g/t Au over 17.2 metres. With the presences of visible gold in several holes, the sample rejects from the mineralized zones are currently being re-analyzed using a screened metallic method.
Table 1 – Raney Drill Results: http://www.irw-press.com/dokumente/MPH_Table_210709.pdf
Holes R-09-09 and R-09-10 evaluated the near surface continuity of the zone. Both holes intersected narrow sections of low grade mineralization within the alteration zone.
MPH president Jim Pettit commented “The higher gold grades intersected in holes 99-01, R-08-04, R-09-06, and R-09-08 are all positioned at around the 100 metre level. The higher grades combined with the increased widths indicate greater exploration potential below the 100 metre level. With the few holes completed to date we are able to develop the general outline of what we anticipate to be higher grade shoots of gold mineralization. Our future drill programs will target the depth potential of this intriguing zone as well as extending the zone along strike.”
The exploration program is being carried out under the direction of Todd Keast, P. Geo. The information in this news release was prepared by Todd Keast, P. Geo., a qualified person as defined by National Instrument 43-101. The company has a quality control program to ensure best practices in the sampling and analysis of drill core. Sample preparation is done at ALS Chemex Prep Lab located in Sudbury, Ontario, with the pulps shipped to ALS Chemex Assay Laboratory in Vancouver, B.C. All samples are assayed for gold by Fire Assay with an AA finish, using 30 gram samples. Accuracy of results is tested through the systematic inclusion of blanks and reference standards. ALS Chemex is an ISO 17025 certified Laboratory.
MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company’s web site at www.mphventurescorp.com .
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Pettit”
______________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
MPH Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@mphventurescorp.com
or
Jay J. Bedard
Envoy Strategic Partners
Corporate Communications
Telephone: 647-344-1768
Email: jay@envoystrategicpartners.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company’s filings with Canadian Securities regulators available on www.sedar.com .
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA6247331011
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Vancouver, BC – MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) reports assay results for three holes on it’s 100% owned approx. 3500 acres Raney Gold Project located southwest of Timmins in northeastern Ontario. A total of ten diamond drill holes have been completed on the project, five holes by past project operators and five holes by MPH (Table 1). Diamond drilling, and now surface trenching, have traced the gold bearing structure along 200 metres+ of strike extent, with drilling intersecting the higher gold grades at the 100 metre vertical level.
Drill hole location map:
http://www.mphventurescorp.com/i/maps/MPS-Ran_ddhPlan.jpg
Hole R-09-08 intersected 6.52 g/t Au over 8.0 metres which included a 3.5 metre wide grey quartz vein containing four occurrences of visible gold. A second mineralized zone located 6 metres down hole, assayed 1.01 g/t Au over 5.0 metres. The gold mineralization is located at the 100 metre vertical level and correlates to the position of the gold mineralization in R-08-04, 7.7 g/t Au over 6.8 metres within a broader zone of 3.9 g/t Au over 17.2 metres. With the presences of visible gold in several holes, the sample rejects from the mineralized zones are currently being re-analyzed using a screened metallic method.
Table 1 – Raney Drill Results: http://www.irw-press.com/dokumente/MPH_Table_210709.pdf
Holes R-09-09 and R-09-10 evaluated the near surface continuity of the zone. Both holes intersected narrow sections of low grade mineralization within the alteration zone.
MPH president Jim Pettit commented “The higher gold grades intersected in holes 99-01, R-08-04, R-09-06, and R-09-08 are all positioned at around the 100 metre level. The higher grades combined with the increased widths indicate greater exploration potential below the 100 metre level. With the few holes completed to date we are able to develop the general outline of what we anticipate to be higher grade shoots of gold mineralization. Our future drill programs will target the depth potential of this intriguing zone as well as extending the zone along strike.”
The exploration program is being carried out under the direction of Todd Keast, P. Geo. The information in this news release was prepared by Todd Keast, P. Geo., a qualified person as defined by National Instrument 43-101. The company has a quality control program to ensure best practices in the sampling and analysis of drill core. Sample preparation is done at ALS Chemex Prep Lab located in Sudbury, Ontario, with the pulps shipped to ALS Chemex Assay Laboratory in Vancouver, B.C. All samples are assayed for gold by Fire Assay with an AA finish, using 30 gram samples. Accuracy of results is tested through the systematic inclusion of blanks and reference standards. ALS Chemex is an ISO 17025 certified Laboratory.
MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company’s web site at www.mphventurescorp.com .
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Pettit”
______________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
MPH Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@mphventurescorp.com
or
Jay J. Bedard
Envoy Strategic Partners
Corporate Communications
Telephone: 647-344-1768
Email: jay@envoystrategicpartners.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company’s filings with Canadian Securities regulators available on www.sedar.com .
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA6247331011
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.